A group of 40 Income Tax Officials conducted a search in the residences of sitting MLA and BRS candidate N Bhaskar Rao from Miryalaguda on Thursday morning. They also searched the office of Bhaskar Rao’s companies in Hyderabad and his residence in Miryalaguda town.
The IT officials suspect that Bhaskar Rao, who has invested in Power Generation companies, was planning to spend a large amount of money earned from his companies in the election. They are currently analyzing the IT returns submitted by the companies owned by Bhaskar Rao. The search operation will continue for one day.